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Telenor Magyarország Q2 revenue rises to HUF 38.8 bln

Telco

Revenue of mobile telecommunications company Telenor Magyarország rose by approximately HUF 700 mln, reaching HUF 38.8 bln in Q2 y.o.y., thanks to smartphone sales and extraordinary items, the Telenor unit announced today.

The company's earnings before interest, taxes, depreciation and amortization, excluding one-off items, fell from HUF 14.7 bln to HUF 14.2 bln because of the telecommunications tax on corporate clients, Telenor Magyarország said. Capital expenditures rose by HUF 1 bln to HUF 2.5 bln as the company developed its 4G network.

Subscriber numbers fell by 34,000 to 3,435,000 because of a government tender, the company said. Based on the number of active SIM cards, Telenor Magyarorszag reported that its market share reached 31.03% at the end of March.

The number of the company's mobile internet clients rose by 31% to 1,057,000. Average revenue per user stood at HUF 3,385 per month in Q2 , down from HUF 3,484 in the same period a year earlier.

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